XML 63 R27.htm IDEA: XBRL DOCUMENT v3.24.3
Business Combination (Tables)
 6 Months Ended
Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Purchase Price and Purchase Price Allocation The following table summarizes the purchase price and preliminary purchase price allocation as of the date of acquisition:
Purchase price allocation:
Cash consideration$21,032 
Fair value of unregistered restricted stock units4,900 
Fair value of contingent consideration340 
Total purchase price$26,272 
Assets acquired and liabilities assumed:
Cash$32 
Trade accounts receivable239 
Developed technology5,300 
Accrued liabilities(36)
Deferred revenue(98)
Deferred tax liability(1,457)
Total identifiable net assets acquired and liabilities assumed3,980 
Goodwill22,292 
Total purchase price$26,272 
Schedule of Pro Forma Information
The following unaudited pro forma results of operations have been prepared using the acquisition method of accounting to give effect to the Appranix acquisition as though it occurred on April 1, 2023. The pro forma amounts reflect certain adjustments, such as expenses related to the noncash amortization of intangible assets and acquisition-related costs. The fiscal 2025 supplemental pro forma net income was adjusted to exclude $578 of acquisition-related costs incurred in fiscal 2025. The fiscal 2024 supplemental pro forma net income was adjusted to include these charges. In addition to estimated operating expenses, both periods include noncash amortization expenses related to intangible assets as if the acquisition had taken place on April 1, 2023.
The unaudited pro forma financial information is presented for illustrative purposes only, is based on a purchase price allocation, and is not necessarily indicative of the results of operations that would have actually been reported had the acquisition occurred on April 1, 2023, nor is it necessarily indicative of the future results of operations of the combined company.
Unaudited
Three Months Ended September 30,Six Months Ended
September 30,
2024202320242023
Revenue $233,278 $201,476 $458,444 $400,045 
Net income$15,954 $12,481 $34,536 $24,707